(1) Reform and opening up is a great new revolution led by the Party in the new era, and it is the most distinctive feature of contemporary China. In the thirty-five years since the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China was held, with great political courage, our party has been determined to promote the reform of the economic system, political system, cultural system, social system, ecological civilization system and party building system, and has continuously expanded its opening up, with great determination, profound changes and wide influence, and its achievements have attracted worldwide attention.

The most important achievement of reform and opening up is the creation and development of Socialism with Chinese characteristics, which provides a powerful impetus and guarantee for socialist modernization. Facts have proved that reform and opening up is a key choice to determine the fate of contemporary China and an important magic weapon for the cause of the party and the people to catch up with the times in great strides.

There is no end to the development of practice, and there is no end to emancipating the mind and reform and opening up. Facing the new situation and new tasks, building a well-off society in an all-round way, building a prosperous, strong, democratic, civilized and harmonious socialist modern country, and realizing the Chinese dream of the great rejuvenation of the Chinese nation, we must comprehensively deepen reform at a new historical starting point and constantly enhance Socialism with Chinese characteristics's road confidence, theoretical confidence and institutional confidence.

(2) To deepen reform in an all-round way, we must hold high the great banner of Socialism with Chinese characteristics, take Marxism–Leninism, Mao Zedong Thought, Deng Xiaoping Theory, Theory of Three Represents and Scientific Outlook on Development as the guidance, strengthen our confidence, unify our understanding, make overall plans, make concerted efforts with Qi Xin, adhere to the direction of socialist market economy reform, take promoting social fairness and justice and enhancing people's well-being as the starting point and the end result, further emancipate our minds, emancipate and develop social productive forces, emancipate and enhance social vitality, and resolutely break all aspects of the system.

The overall goal of deepening reform in an all-round way is to improve and develop the Socialism with Chinese characteristics system and promote the modernization of the national governance system and governance capacity. We should pay more attention to the systematicness, integrity and coordination of reform, speed up the development of socialist market economy, democratic politics, advanced culture, harmonious society and ecological civilization, let all the vitality of labor, knowledge, technology, management and capital compete with generate, let all the sources of creating social wealth fully flow in, and let the fruits of development benefit all the people more fairly.

Focusing on making the market play a decisive role in resource allocation, we will deepen the reform of the economic system, adhere to and improve the basic economic system, accelerate the improvement of the modern market system, macro-control system and open economic system, accelerate the transformation of economic development mode, accelerate the construction of an innovative country, and promote economic development to be more efficient, fairer and more sustainable.

Focusing on adhering to the organic unity of the party's leadership, the people being the masters of the country and governing the country according to law, we will deepen the reform of the political system, speed up the institutionalization, standardization and proceduralization of socialist democratic politics, build a socialist country ruled by law, and develop more extensive, full and sound people's democracy.

Focusing on building a socialist core value system and building a socialist cultural power, we will deepen the reform of the cultural system, speed up the improvement of the cultural management system and the cultural production and operation mechanism, establish and improve the modern public cultural service system and modern cultural market system, and promote the great development and prosperity of socialist culture.

Focusing on better safeguarding and improving people's livelihood, promoting social fairness and justice, deepening social system reform, reforming income distribution system, promoting prosperity, promoting institutional innovation in social fields, promoting equalization of basic public services, accelerating the formation of a scientific and effective social governance system, and ensuring a vibrant, harmonious and orderly society.

Focusing on building a beautiful China, we will deepen the reform of the ecological civilization system, speed up the construction of system of ecological civilization, improve the system and mechanism of land space development, resource conservation and environmental protection, and promote the formation of a new pattern of harmonious development between man and nature and modernization.

Focusing on improving the level of scientific, democratic and legal governance, we will deepen the reform of the party's construction system, strengthen the construction of democratic centralism, improve the party's leadership system and governance style, maintain the party's advanced nature and purity, and provide a strong political guarantee for reform, opening up and socialist modernization.

(3) To deepen reform in an all-round way, we must base ourselves on the fact that China will be in the primary stage of socialism for a long time, adhere to the major strategic judgment that development is still the key to solving all problems in China, focus on economic construction, give play to the traction role of economic system reform, promote the adaptation of production relations with productivity and superstructure with economic base, and promote sustained and healthy economic and social development.

The reform of economic system is the focus of deepening reform in an all-round way, and the core issue is to properly handle the relationship between the government and the market, so that the market can play a decisive role in resource allocation and better play the role of the government. It is a general law of market economy that the market determines the allocation of resources. To improve the socialist market economic system, we must follow this law and focus on solving the problems of imperfect market system, excessive government intervention and inadequate supervision.

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We should actively and steadily push forward the market-oriented reform in breadth and depth, greatly reduce the direct allocation of resources by the government, and promote the allocation of resources to maximize benefits and optimize efficiency in accordance with market rules, market prices and market competition. The responsibilities and functions of the government are mainly to maintain macroeconomic stability, strengthen and optimize public services, ensure fair competition, strengthen market supervision, maintain market order, promote sustainable development, promote prosperity and make up for market failures.

(4) The successful practice of reform and opening up has provided important experience for comprehensively deepening reform, which must be adhered to for a long time. The most important thing is to uphold the party's leadership, implement the party's basic line, do not take the old road of being closed and rigid, do not take the evil road of changing the flag, firmly take the road of Socialism with Chinese characteristics, and always ensure the correct direction of reform; Adhere to emancipating the mind, seeking truth from facts, advancing with the times, seeking truth and being pragmatic, proceeding from reality, summing up domestic successful practices, learning from foreign beneficial experiences, and bravely promoting theoretical and practical innovation; Adhere to the people-oriented, respect the people's dominant position, give play to the people's initiative, closely rely on the people to promote reform and promote people's all-round development; Insist on correctly handling the relationship between reform, development and stability, boldly and steadily, strengthen the combination of top-level design and crossing the river by feeling the stones, promote overall promotion and key breakthroughs, improve the scientific nature of reform decision-making, gather knowledge extensively, and form a joint force of reform.

At present, China's development has entered a new stage, and the reform has entered a critical period and deep water area. With a strong sense of historical mission, we should concentrate the wisdom of the whole Party and society to the maximum extent, mobilize all positive factors to the maximum extent, dare to bite hard bones and venture into dangerous beaches, break through the shackles of ideological concepts and the barriers of solidified interests with greater determination, and promote the self-improvement and development of Socialism with Chinese characteristics's system.

By 2020, decisive results will be achieved in the reform of important areas and key links, and the reform tasks proposed in this decision will be completed, and a systematic, scientific, standardized and effective institutional system will be formed, and all aspects of the system will be more mature and stereotyped.

Second, adhere to and improve the basic economic system.

The basic economic system with public ownership as the main body and multiple ownership economies developing together is an important pillar of the Socialism with Chinese characteristics system and the foundation of the socialist market economic system. Both public ownership economy and non-public ownership economy are important components of socialist market economy and an important foundation for China's economic and social development. We must unswervingly consolidate and develop the public ownership economy, adhere to the dominant position of public ownership, give play to the leading role of the state-owned economy, and constantly enhance its vitality, control and influence. We must unswervingly encourage, support and guide the development of the non-public economy and stimulate its vitality and creativity.

(5) Improve the system of property rights protection. Property right is the core of ownership. Improve the modern property rights system with clear ownership, clear rights and responsibilities, strict protection and smooth circulation. The property right of public ownership economy is inviolable, and so is the property right of non-public ownership economy.

The state protects the property rights and legitimate interests of various ownership economies, ensures that all ownership economies use production factors equally according to law, participates in market competition openly and fairly, is equally protected by law, and supervises all ownership economies according to law.

(6) Actively develop the mixed ownership economy. The mixed ownership economy, in which state-owned capital, collective capital and non-public capital cross-hold shares and merge with each other, is an important realization form of the basic economic system, which is conducive to the amplification function of state-owned capital, the preservation and appreciation of value, the improvement of competitiveness, and the mutual complementarity, mutual promotion and common development of various ownership capitals. Allow more state-owned and other ownership economies to develop into mixed ownership economies. State-owned capital investment projects allow non-state-owned capital to participate in shares. The mixed ownership economy is allowed to implement employee stock ownership, so that the interests of capital owners and workers are consistent.

Improve the management system of state-owned assets, strengthen the supervision of state-owned assets with the focus on managing capital, reform the authorized management system of state-owned capital, set up a number of state-owned capital operating companies, and support the reorganization of qualified state-owned enterprises into state-owned capital investment companies. State-owned capital investment and operation should serve the national strategic objectives, invest more in important industries and key areas related to national security and the lifeline of the national economy, and strive to provide public services, develop important forward-looking strategic industries, protect the ecological environment, support scientific and technological progress, and safeguard national security.

Transfer some state-owned capital to enrich the social security fund. We will improve the budget system for state-owned capital operation, increase the proportion of state-owned capital gains turned over to public finance, and increase it to 30% in 2020 to protect and improve people's livelihood.

(seven) to promote state-owned enterprises to improve the modern enterprise system. State-owned enterprises are owned by the whole people and are an important force in promoting national modernization and safeguarding the common interests of the people. State-owned enterprises have been integrated with the market economy as a whole, so they must adapt to the new situation of marketization and internationalization, and further deepen the reform of state-owned enterprises with the focus on standardizing business decisions, maintaining and increasing assets, participating in competition fairly, improving enterprise efficiency, enhancing enterprise vitality and assuming social responsibilities.

Accurately define the functions of different state-owned enterprises. State-owned capital has increased its investment in public welfare enterprises and made greater contributions to providing public services. In natural monopoly industries where state-owned capital continues to hold shares, reforms with separation of government and enterprise, separation of government and capital, franchising and government supervision as the main contents will be implemented. According to the characteristics of different industries, we will separate network and transportation, liberalize competitive business, and promote the market-oriented allocation of public resources. Further eliminate all forms of administrative monopoly.

Improve the corporate governance structure with coordinated operation and effective checks and balances. Establish a professional manager system and give full play to the role of entrepreneurs. We will deepen the system reform in which managers can go up and down, employees can go in and out, and income can increase and decrease. Establish a long-term incentive and restraint mechanism to strengthen the management and investment responsibilities of state-owned enterprises. Explore and promote the disclosure of major information such as the financial budget of state-owned enterprises.

State-owned enterprises should reasonably increase the proportion of market-oriented hiring, reasonably determine and strictly regulate the salary level, post treatment, post consumption and business consumption of managers of state-owned enterprises.

(8) Support the healthy development of the non-public sector of the economy. The non-public economy plays an important role in supporting growth, promoting innovation, expanding employment and increasing taxes. Adhere to equality of rights, opportunities and rules, abolish unreasonable regulations on various forms of non-public economy, eliminate various hidden barriers, and formulate specific measures for non-public enterprises to enter the franchise field.

Encourage non-public enterprises to participate in the reform of state-owned enterprises, encourage the development of mixed-ownership enterprises controlled by non-public capital, and encourage qualified private enterprises to establish a modern enterprise system.

Third, accelerate the improvement of the modern market system.

Building a unified, open and competitive market system is the basis for making the market play a decisive role in resource allocation. It is necessary to speed up the formation of a modern market system in which enterprises operate independently, compete fairly, consumers choose freely and consume independently, and goods and elements flow freely and exchange equally, so as to eliminate market barriers and improve the efficiency and fairness of resource allocation.

(9) Establish fair, open and transparent market rules. Implement a unified market access system, and on the basis of formulating a negative list, all kinds of market entities can enter the fields outside the list equally according to law. Explore the management mode of national treatment plus negative list before foreign investment access. Promote the convenience of the industrial and commercial registration system, reduce the number of qualification certification items, change from first license to first license, and gradually change the paid-in registration system of registered capital into the subscription registration system. Promote the reform of domestic trade circulation system and build a business environment ruled by law.

Reform the market supervision system, implement unified market supervision, clean up and abolish various regulations and practices that hinder the national unified market and fair competition, prohibit and punish various illegal preferential policies, oppose local protection, and oppose monopoly and unfair competition. Establish and improve the social credit information system, praise honesty and punish dishonesty. Improve the market-oriented exit mechanism of survival of the fittest and the bankruptcy system of enterprises.

(10) Improve the mechanism that prices are mainly determined by the market. Whatever the market can decide is handed over to the market, and the government does not interfere improperly. We will promote price reform in the fields of water, oil, natural gas, electricity, transportation and telecommunications, and liberalize the prices of competitive links. The scope of government pricing is mainly limited to important public utilities, public welfare services and network-based natural monopoly, in order to improve transparency and accept social supervision. Improve the price formation mechanism of agricultural products and pay attention to the role of the market in price formation.

(1 1) Establish a unified urban and rural construction land market. Under the premise of meeting the planning and use control, the rural collective management construction land is allowed to be sold, leased and invested, and the same market entry, rights and prices as state-owned land are implemented. Narrow the scope of land acquisition, standardize the procedures of land acquisition, and improve the reasonable, standardized and diversified security mechanism for landless farmers. Expand the scope of paid use of state-owned land and reduce the allocation of non-public land. Establish a land value-added income distribution mechanism that takes into account the state, the collective and the individual, and reasonably increase personal income. Improve the secondary market of land lease, transfer and mortgage.

(12) Improve the financial market system. Expand the opening up of the financial industry, and allow qualified private capital to initiate the establishment of small and medium-sized banks and other financial institutions according to law on the premise of strengthening supervision. Promote the reform of policy-oriented financial institutions. Improve the multi-level capital market system, promote the reform of stock issuance and registration system, promote equity financing through multiple channels, develop and standardize the bond market, and increase the proportion of direct financing. Improve the insurance economic compensation mechanism and establish a catastrophe insurance system. Develop inclusive finance. Encourage financial innovation and enrich financial market levels and products.

Improve the formation mechanism of RMB exchange rate marketization, accelerate the marketization of interest rates, and improve the yield curve of government bonds reflecting the relationship between market supply and demand. Promote the two-way opening of the capital market, improve the convertibility level of cross-border capital and financial transactions in an orderly manner, establish and improve the management system of foreign debt and capital flow under the framework of macro-prudential management, and accelerate the convertibility of RMB capital projects.

Implement financial regulatory reform measures and improve standards, improve the regulatory coordination mechanism, and clarify the central and local financial regulatory responsibilities and risk disposal responsibilities. Establish a deposit insurance system and improve the market-oriented exit mechanism of financial institutions. Strengthen the construction of financial infrastructure to ensure the safe and efficient operation and overall stability of the financial market.

(13) Deepen the reform of the science and technology system. Establish and improve the system and mechanism to encourage original innovation, integrated innovation, introduction, digestion, absorption and re-innovation, improve the marketization mechanism of technological innovation, and give play to the guiding role of the market in the direction of technological research and development, path selection, factor price and the allocation of various innovative factors. Establish a collaborative innovation mechanism in Industry-University-Research, strengthen the dominant position of enterprises in technological innovation, give play to the role of innovation backbone of large enterprises, stimulate the innovation vitality of small and medium-sized enterprises, promote the marketization and enterprise reform of applied technology research and development institutions, and build a national innovation system.

Strengthen the use and protection of intellectual property rights, improve the incentive mechanism for technological innovation, and explore the establishment of intellectual property courts. Break the administrative leadership and departmental division, and establish a mechanism in which the market mainly determines technological innovation projects, fund allocation and evaluation results. Develop the technology market, improve the technology transfer mechanism, improve the financing conditions of small and medium-sized scientific and technological enterprises, improve the venture capital mechanism, innovate the business model, and promote the capitalization and industrialization of scientific and technological achievements.

Integrate scientific and technological planning and resources, and improve the government's support mechanism for basic, strategic and cutting-edge scientific research and technological research. All the major national scientific research infrastructures that should be opened according to regulations are open to the society. Establish an innovation investigation system and an innovation reporting system, and build an open and transparent national scientific research resource management and project evaluation mechanism.

Reform the academician selection and management system, optimize the discipline layout, increase the proportion of young and middle-aged talents, and implement the academician retirement and withdrawal system.

Fourth, accelerate the transformation of government functions.

Scientific macro-control and effective government governance are the inherent requirements for giving full play to the advantages of the socialist market economic system. It is necessary to effectively transform government functions, deepen administrative system reform, innovate administrative management methods, enhance government credibility and execution, and build a government ruled by law and a service-oriented government.

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(14) Improve the macro-control system. The main tasks of macro-control are to maintain the balance of economic aggregate, promote the coordination of major economic structures and the optimization of productivity distribution, slow down the impact of economic cycle fluctuations, guard against regional and systemic risks, stabilize market expectations, and achieve sustained and healthy economic development. We will improve the macro-control system guided by national development strategy and planning, with fiscal policy and monetary policy as the main means, promote the formulation of macro-control objectives and the institutionalization of the use of policy means, strengthen the coordination of fiscal policy, monetary policy, industry, price and other policy means, improve the level of camera choice, and enhance the predictability, pertinence and coordination of macro-control. Form a mechanism to participate in the coordination of international macroeconomic policies and promote the improvement of the international economic governance structure.

Deepen the reform of investment system and establish the main position of enterprise investment. Enterprise investment projects, except those involving national security and ecological security, the layout of major national productive forces, the development of strategic resources and major public interests, are all decided by enterprises according to laws and regulations, and the government will no longer approve them. Strengthen market access standards such as energy saving, land saving, water saving, environment, technology and safety, and establish and improve a long-term mechanism to prevent and resolve overcapacity.

We will improve the evaluation system of development achievements, correct the bias of evaluating political achievements only by the speed of economic growth, increase the weight of indicators such as resource consumption, environmental damage, ecological benefits, overcapacity, scientific and technological innovation, safe production, and new debts, and pay more attention to employment, residents' income, social security, and people's health. Accelerate the establishment of a unified national economic accounting system, compile national and local balance sheets, establish a unified basic data platform for real estate and credit in the whole society, and promote the sharing of departmental information.

(15) Fully and correctly perform government functions. Further simplify administration and decentralize power, deepen the reform of the administrative examination and approval system, minimize the central government's management of micro-affairs, cancel the examination and approval of economic activities that can be effectively regulated by the market mechanism, standardize the management of reserved administrative examination and approval items, and improve efficiency; Economic and social issues that are directly oriented to the grassroots, large in quantity and wide in scope, and more convenient and effective by local management are all decentralized to local and grassroots management.

The government should strengthen the formulation and implementation of development strategies, plans, policies and standards, strengthen the supervision of market activities and strengthen the provision of various public services. Strengthen the central government's macro-control responsibility and ability, and strengthen the responsibilities of local governments in public services, market supervision, social management and environmental protection. To promote the government to purchase services, all transactional management services should, in principle, introduce a competitive mechanism and purchase from the society through contracts, commissions and other means.

Accelerate the reform of the classification of public institutions, increase the government's efforts to purchase public services, promote the relationship between public institutions and competent departments and de-administration, create conditions, and gradually abolish the administrative levels of schools, research institutes, hospitals and other units. Establish the corporate governance structure of public institutions and promote the transformation of qualified public institutions into enterprises or social organizations. Establish a unified registration management system for various institutions.

(16) Optimize the organizational structure of the government. To transform government functions, we must deepen institutional reform. Optimize the establishment of government institutions, functional allocation and workflow, and improve the administrative operation mechanism of mutual restraint and coordination of decision-making, implementation and supervision. Strict performance management, highlighting the implementation of responsibilities, and ensuring the consistency of powers and responsibilities.

Coordinate the reform of party and government institutions and straighten out the relationship between departmental responsibilities. Actively and steadily implement the large-scale system. Optimize the setting of administrative divisions and explore and promote the reform of county (city) system where conditions permit. Strictly control the establishment of institutions, equip leading cadres in strict accordance with the prescribed positions, reduce the number of institutions and leading positions, and strictly control the total number of financial support personnel. Promote scientific, standardized and legal organization and management.

Verb (abbreviation of verb) deepens the reform of fiscal and taxation system

Finance is the foundation and important pillar of national governance, and a scientific fiscal and taxation system is the institutional guarantee for optimizing resource allocation, maintaining market unity, promoting social equity, and achieving long-term national stability. It is necessary to improve legislation, clarify powers, reform tax system, stabilize tax burden, transparent budget, improve efficiency, establish a modern financial system, and give full play to the enthusiasm of the central and local governments.

(17) Improve the budget management system. Implement a comprehensive, standardized, open and transparent budget system. The focus of the audit budget has expanded from the balance and deficit scale to the expenditure budget and policy. Clean up and standardize the key expenditures linked to the increase of fiscal revenue and expenditure or GDP, and generally do not adopt the linked method. Establish a cross-annual budget balance mechanism, establish an accrual-based government comprehensive financial reporting system, and establish a standardized and reasonable central and local government debt management and risk early warning mechanism.

We will improve the growth mechanism of general transfer payments and focus on increasing transfer payments to old revolutionary base areas, ethnic minority areas, border areas and poverty-stricken areas. The local financial gap formed by the central government's policy of increasing expenditure is adjusted in principle through general transfer payments. Clean up and standardize special transfer payment projects, gradually cancel competitive areas and local funds, strictly control guiding, relief and emergency projects, and screen reserved projects, which belong to local affairs and are classified as general transfer payments.

(18) Improve the tax system. Deepen the tax reform, improve the local tax system, and gradually increase the proportion of direct taxes. Promote the reform of value-added tax and simplify the tax rate appropriately. Adjust the scope, links and tax rates of consumption tax, and include products with high energy consumption and high pollution and some high-end consumer goods into the scope of collection. Gradually establish a comprehensive and classified personal income tax system. Accelerate the legislation of real estate tax and promote the reform in a timely manner, accelerate the reform of resource tax, and promote the change of environmental protection fees into taxes.

In accordance with the principles of unified tax system, fair tax burden and promoting fair competition, we will strengthen the standardized management of tax incentives, especially regional tax incentives. The unification of preferential tax policies shall be stipulated by special tax laws and regulations to clean up and standardize preferential tax policies. Improve the national tax and local tax collection and management system.

(19) Establish a system suitable for expenditure responsibility. Moderately strengthen the central authority and expenditure responsibility, with national defense, diplomacy, national security, rules and management related to the national unified market as the central authority; Part of social security, cross-regional major project construction and maintenance, etc. As the rights of central and local colleagues, the relationship between power and responsibility is gradually straightened out; Regional public service as local affairs. The central and local governments shall bear and share the responsibility for expenditure according to the division of powers. The central government can entrust some administrative expenditure responsibilities to local governments by arranging transfer payments. For cross-regional public services that have a great impact on other regions, the central government bears part of the responsibility for local affairs expenditures through transfer payments.

Maintain the overall stability of the existing financial structure of the central and local governments, and further rationalize the income division between the central and local governments in combination with tax reform and considering the nature of taxes.

Six, improve the system and mechanism of urban and rural development integration.

The dual structure of urban and rural areas is the main obstacle to the integration of urban and rural development. It is necessary to improve the system and mechanism, and form a new type of relationship between workers, peasants and urban areas, which promotes agriculture through industry, brings rural areas through cities, benefits farmers through agriculture, and integrates urban and rural areas, so that farmers can participate in the modernization process on an equal footing and share the fruits of modernization.

(twenty) accelerate the construction of a new agricultural management system. Adhere to the basic position of family management in agriculture, and promote the innovation of agricultural management methods such as family management, collective management, cooperative management and enterprise management. Adhere to the collective ownership of rural land, safeguard farmers' land contractual management rights according to law, and develop and expand the collective economy. Stabilize rural land in contract relationship and keep it unchanged for a long time. On the premise of adhering to and improving the strictest farmland protection system, farmers are given the rights of possession, use, income, circulation and mortgage guarantee of contracted land, and farmers are allowed to take shares in contracted land to develop agricultural industrialization. Encourage the transfer of contractual management rights to large professional households, family farms, farmers' cooperatives and agricultural enterprises in the open market, and develop various forms of scale operation.

Encourage the development of rural cooperative economy, support the development of large-scale, professional and modern management, allow financial project funds to be directly invested in qualified cooperatives, allow assets formed by financial subsidies to be transferred to cooperatives for holding and management, and allow cooperatives to carry out credit cooperation. Encourage and guide industrial and commercial capital to develop modern breeding industry suitable for enterprise management in rural areas, and introduce modern production factors and business models into agriculture.

(2 1) Give farmers more property rights. Protect the rights of members of farmers' collective economic organizations, actively develop farmers' joint-stock cooperation, and give farmers the rights of possession, income, paid withdrawal, mortgage, guarantee and inheritance of collective assets. We will protect the usufructuary right of farmers' homestead, reform and improve the rural homestead system, select a number of pilot projects, prudently and steadily promote the mortgage, guarantee and transfer of farmers' housing property rights, and explore channels for farmers to increase their property income. Establish a rural property rights transfer trading market to promote the open, fair and standardized operation of rural property rights transfer transactions.

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